Newport Trust Co Boosts Stake in Weyerhaeuser Co (WY)

Newport Trust Co lifted its holdings in Weyerhaeuser Co (NYSE:WY) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,268,363 shares of the real estate investment trust’s stock after purchasing an additional 157,348 shares during the period. Weyerhaeuser makes up approximately 0.4% of Newport Trust Co’s holdings, making the stock its 23rd largest holding. Newport Trust Co’s holdings in Weyerhaeuser were worth $115,166,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mackey Komara & Dankovich LLC acquired a new stake in Weyerhaeuser during the fourth quarter worth about $31,000. CWM LLC increased its position in Weyerhaeuser by 221.4% during the fourth quarter. CWM LLC now owns 2,234 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,539 shares during the last quarter. Strategic Wealth Partners Ltd. increased its position in Weyerhaeuser by 60.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 1,860 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 700 shares during the last quarter. Essex Savings Bank acquired a new stake in Weyerhaeuser during the fourth quarter worth about $66,000. Finally, Citizens Financial Group Inc RI increased its position in Weyerhaeuser by 162.1% during the third quarter. Citizens Financial Group Inc RI now owns 3,292 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 2,036 shares during the last quarter. 75.23% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, insider Devin W. Stockfish purchased 27,890 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average cost of $26.93 per share, for a total transaction of $751,077.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Russell S. Hagen sold 8,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $26.32, for a total transaction of $210,560.00. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Several research firms recently issued reports on WY. Citigroup cut their price objective on shares of Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. Vertical Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Raymond James cut their price objective on shares of Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, October 29th. TheStreet cut shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research restated a “strong sell” rating on shares of Weyerhaeuser in a research report on Saturday, November 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.33.

Shares of WY opened at $25.65 on Friday. Weyerhaeuser Co has a 1-year low of $20.52 and a 1-year high of $38.39. The stock has a market cap of $19.41 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 5.44 and a beta of 1.64. The company has a quick ratio of 0.63, a current ratio of 0.83 and a debt-to-equity ratio of 0.60.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Weyerhaeuser had a net margin of 10.01% and a return on equity of 9.80%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. Weyerhaeuser’s revenue was down 10.3% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser Co will post 0.95 earnings per share for the current fiscal year.

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Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.